MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
C.G. TECHNOSOFT PRIVATE LIMITED |
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Registered Office : |
5, Manji Ka Hattha, Paota, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.03.1998 |
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Com. Reg. No.: |
014708 |
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CIN No.: [Company
Identification No.] |
U72200RJ1998PTC014708 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JDHC01194E |
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PAN No.: [Permanent
Account No.] |
AABCC5748B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Exporter and Software Designer (a solution for Handicraft Industry) Red
Chilli (Complete Hotel Solution). |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD1100 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having moderate track. Trade relations
are fair. Payments are usually correct and as per commitment. Nothing adverse reported. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
5, Manji Ka Hattha, Paota, |
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Tel. No.: |
91-291-2548245 |
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Mobile No.: |
91-94141-29212 |
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Fax No.: |
91-291-2548245 |
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E-Mail : |
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Website : |
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Area : |
4000 square feet |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Deepak Singh Gehlot |
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Designation : |
Directors |
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Address : |
Mandore House, |
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Age : |
50 years |
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Qualification : |
BE, MBA., PGDIT |
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Experience : |
25 years |
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Name : |
Mr. R.K. Chouhan |
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Designation : |
Directors |
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Address : |
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Age : |
57 years |
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Qualification : |
B.E. |
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Experience : |
30 years |
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Name : |
Ms. Ritu Parinar |
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Designation : |
Directors |
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Address : |
4030, |
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Age : |
40 years |
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Qualification : |
B.A. |
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Experience : |
10 years |
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Name : |
Mr. Puneet Rao |
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Designation : |
Director |
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Address : |
70, |
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Age : |
29 years |
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Qualification : |
M.C.A. |
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Experience : |
7 years |
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Tel No.: |
91-291-2548245 |
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Mobile No.: |
91-9414129212 |
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Fax: |
91-291-2548245 |
BUSINESS DETAILS
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Line of Business : |
Exporter and Software Designer (a solution for Handicraft Industry)
Red Chilli (Complete Hotel Solution). |
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Exports : |
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Products : |
Software Solution and Web Solution |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
26 |
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Bankers : |
Bank Of |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Chordia and Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.500 |
0.500 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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(0.214) |
(0.277) |
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NETWORTH |
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0.286 |
0.223 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.518 |
0.518 |
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TOTAL BORROWING |
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0.518 |
0.518 |
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DEFERRED TAX LIABILITIES |
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0.004 |
0.011 |
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TOTAL |
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0.808 |
0.752 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.371 |
0.373 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.258 |
0.020 |
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Cash & Bank Balances |
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0.371 |
0.149 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.284 |
0.365 |
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Total
Current Assets |
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0.913 |
0.534 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.398 |
0.154 |
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Provisions |
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0.078 |
0.001 |
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Total
Current Liabilities |
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0476 |
0.155 |
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Net Current Assets |
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0.437 |
0.379 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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0.808 |
0.752 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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1.806 |
0.227 |
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Other Income |
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0.000 |
0.200 |
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Total Income |
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1.806 |
0.427 |
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Profit/(Loss) Before Tax |
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0.064 |
0.008 |
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Provision for Taxation |
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0.002 |
(0.005) |
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Profit/(Loss) After Tax |
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0.062 |
0.013 |
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Expenditures : |
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Administrative and Other Operating Expenses |
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1.626 |
0.333 |
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Depreciation |
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0.116 |
0.085 |
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Total Expenditure |
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1.742 |
0.418 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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3.43 |
3.04 |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.54 |
1.87 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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4.98 |
0.88 |
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Return on Investment (ROI) (PBT/Networth) |
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0.22 |
3.59 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.48 |
3.02 |
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Current Ratio (Current Asset/Current Liability) |
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1.92 |
3.45 |
LOCAL AGENCY FURTHER INFORMATION
Trade References - Local
- Mr. Vipin –
Hotel Shriram Excellency
- Mr. Rajesh Narula
– Reliable Software Solution – 91- 9351496456
- Mr. Jagdish
Charan – Wood Planet Art – 91- 9829331193
- Mr. Khalid CG
Gulab Group
- Mr. Ben
Berrior-
Company Profile
Its their immense pleasure in introducing
their self as C G Technosoft Private Limited a qualified website and software
development company providing services in the field of Website Development,
Ecommerce, Flash Development, Graphic Desining, PHP, ASP.net, Database etc
since 1998; they have experience of
working in more than 1000 Website from all parts of globe.
They have expertise in working on Golf Tee Time Booking System, Online
Booking Schedule,
To provide innovative solutions in the field
of website development C G Technosoft Private Limited has developed an array of
various useful solutions. They provide complete Websites solutions including
Domain Registration, Site Designing and Development, Ecommerce, Hosting,
Maintenance and High end promotion(search Engine Optimisation)
Their Engineers have successfully developed an
“Online HTML Generator” module which has a Control Panel capable of generating
online HTML pages from a dynamic Database. This helps their websites perform
better during Search Engine Crawl, thereby achieving good position (ranking) on
Search engines.
Their Speciality lies in years of knowledge,
efficient Human Resource and expertise in developing user friendly, affordable,
SEARCH ENGINE FRIENDLY web solution.
Dynamic Website
They specialize in development of complete
dynamic website, in which website owner can do any type of change / updations
by using easy to use control panel provided along with website.
Web Technologies and Application Platforms
ASP, ASP.NET 1.1/2.0, HTML, DHTML, XML, XSL, XSLT,
Java, JSP, RMI, Cobra, J2EE, EJB, Visual Basic, JavaScript, VB Script,
Firmware, WML, WAP, Bluetooth, CGI/PERL, Cold Fusion, PHP
Database Platform
Microsoft SQL Server 7 and SQL Server2000,
MySQL, PosgresSQL, Orecle 9i, FoxPro, Access.
Operating Systems
Windows 2003 .NET Server, Linux, Unix, Windows
95, Win ME/XP and Windows NT/2000.
Web Server
IIS, Apache
Design Studios
Dreamweaver
MX, Macromedia Flash MX, Director, Shockwave, Photoshop 6, Freehand,
CorerlDraw, Illustrator, Fireworks, Golive, Aftereffects, Painter, 3d studio,
Maya, lightwave, softimage, bryce etc.
Languages
VB.NET, C#, Visual BasicDAO, ActiveX Data
Object (
Reporting
Crystal Reports, Using Various 3rd
Party Grisds for generating eye catchy useful MIS reports.
Specialized Experience
- Their of experience in developing ecommerce solutions.
- Study of complex user requirements and producing it on paper using
easy to explain modeling diagrams
- Web Search Engine Optimisation.
- Technical Documentation.
- Providing turn-key solutions for any innovative idea of their valued
customers.
COMPANY
INFORMATION
Brief History:
The founding stone of Technosoft was laid on 1998 with
a foresight vision to attain a prestigious elevation in the software Industry,
backed-up with a dedicated & Result oriented team of Professionals.
It started
with a diminutive team of four Software Developers, and with the bunch of
Experience, proper planning and implementation, hard work, Dedication &
affirmative approach of the squad and evidently with Almighty blessings it was
slowly acknowledged as a renowned name in the field of Software & They
Development.
In the beginning they started developing software for
LPG Dealers, Handicraft industries, C R Steel mill, Finance companies, clubs,
and Automobile dealers.
Their Motto:
Customer contentment.
They at
Technosoft believe that customer satisfaction stands first supported with our
dominant services and solutions. Their success in this short span has come out
of clients trust on them.
Their Team:
Highly
qualified, energetic and aggressive, young men constitute their team. Their
dedicated, result oriented efforts is the foundation to their success. They
believe that success and growth of the squad is in turn success and growth of
an institution. Their outstanding success ratio is a cause of envy to their
competitors. Before time project implementation has build a strong cord of
faith and confidence among most of their clients and their satisfaction enhance
them with the energy to perform even better.
Their Strength:
· Professionally
managed Company
· In depth knowledge & Experience of their highly qualified, optimistic,
enthusiastic, aggressive young team.
· Paramount Quality & Reliability.
· Healthy customer relationship.
· After sale Service & Support.
· Customer Satisfaction and Conviction.
· Their projects in
· Compatible Prices.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.54 |
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1 |
Rs.80.21 |
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Euro |
1 |
Rs.54.51 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
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--LITIGATION |
YES/NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
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--EXPORT ACTIVITIES |
YES/NO |
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--AFFILIATION |
YES/NO |
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--LISTED |
YES/NO |
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--OTHER MERIT FACTORS |
YES/NO |
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TOTAL |
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45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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